A new chapter in the crypto market is marked by the debut of $PINK, Polkadot’s Memecoin
The public debut of Polkadot’s community coin $PINK has been officially announced. Scheduled for March 21, this Memecoin, distributed through airdrops to prominent Polkadot communities, is set to launch.
The total supply of $PINK, symbolizing Polkadot’s RGB color coding, is represented by the figure 2,300,001,221. Issued on Polkadot AssetHub, $PINK has been equitably distributed among leading communities and parachains contributing to the advancement of the Polkadot ecosystem.
Parachains have received 12.5% of the supply, with 14 qualifying teams currently in possession. Each parachain has the autonomy to allocate its portion to users as deemed appropriate. Notably, users of Moonbeam are slated to receive the largest parachain airdrop, closely followed by Bifrost and Astar.
PINKDROP, developed by the Game Studio behind the Great Escape, aims to raise awareness for the PINK community. This casual browser game guides players through interactive tasks to introduce them to the Polkadot ecosystem. Players are tasked with combining balls representing various parachains to create the ultimate Polkadot ball and earn points on a leaderboard.
Participants in Pinkdrop stand to receive 15% of available $PINK tokens, with an additional 15% bonus for completing social tasks like sharing high scores. Since its launch in December, Pinkdrop has garnered significant popularity, attracting over 14,000 distinct addresses and hosting more than 225,000 gaming sessions within the initial four weeks.
Gaming communities are set to receive 2.5% of the $PINK supply in a smaller airdrop tranche. Six games participated in this allocation, including three from Polkadot and three non-Polkadot games like Shockwaves.ai. This initiative aims to incentivize GameFi development and adoption on Polkadot, with successful applicants like Evrloot and Exiled Racers joining the allocation list.
Shortly, Pinkdrop will introduce a new league mode featuring daily tournaments and $PINK rewards to further showcase how the token can integrate with Polkadot games, fostering engagement and accelerating $PINK adoption.
